Cyril Amarchand Mangaldas advises Suzlon Energy and Its Directors and KMPs
Cyril Amarchand Mangaldas acted as the legal counsel for Suzlon Energy Limited (“SEL”/ “Company”), and certain of its directors and erstwhile KMPs
Directors
Dishonour of Cheque: Delhi High Court sets aside summon order due to lack of specific allegations against directors in the complaint
The Delhi High Court observed that the wanton arraignment of directors without reference to their role in relation to a transaction, or to the issuance or dishonour of a cheque by the company, requires to be deprecated and discouraged, since it amounts to abuse of the salutary process of criminal law.
Approval of a Resolution Plan does not ipso facto discharge a Personal Guarantor of a Corporate Debtor of his liabilities under Contract of Guarantee; Allahabad High Court reiterates
Allahabad High Court said that challenge to demand notice for electricity dues, issued jointly in name of Directors of the insolvent company cannot be sustained on the ground that liabilities of guarantor stood automatically discharged on acceptance of Resolution Plan.
Companies having different establishments or branches or different units in any establishment or branch can now nominate an officer who has the authority vide Legal Metrology (General) Amendment Rules, 2022
The Central Government has notified Legal Metrology (General) Amendment Rules, 2022 to amend the Legal Metrology (General) Rules, 2011 to
SAT| Shareholders can ratify Director’s Breach of Duty through a special resolution
Securities Appellant Tribunal, Mumbai: The Bench of Tarun Agarwala, J., Presiding Officer, and Meera Swarup, Technical Member, while allowing the appeals held
Wilful Defaulter Circular: A Much-Needed Munition or a Growing Conundrum
by Bishwajit Dubey*, Shatrajit Banerji** and Prafful Goyal***
SC to decide if a non-member director barred from approaching NCLT alleging oppression/mismanagement under Section 430 of Companies Act
Supreme Court: The Division Bench of Dinesh Maheshwari and Aniruddha Bose, JJ., issued notice to Topworth Urja & Metals Ltd. in a
Decoded | SEBI bars Director of Franklin Templeton AMC, wife from accessing securities markets for 1 yr: Can redemption of units by Director of a mutual fund AMC be titled as fair conduct?
Securities Exchange Board of India (SEBI): G. Mahalingam (Whole Time Member) held that while directors are not prohibited from trading in units
Del HC | Will the jurisdiction to address issues of oppression and mismanagement, elections to board of directors of company, etc., vest exclusively with NCLT? HC considers
Delhi High Court: Najmi Waziri, J., while addressing the present matter considered the following issues: Whether elections to the Board of Directors of
Vizag Gas Leak Incident| A.P. HC | LG Polymers to be seized and passports of directors shall not be released without leave of Court
Andhra Pradesh High Court: A Division Bench of Jitendra Kumar Maheshwari, CJ and Lalitha Kanneganti, J., addressed certain PILs that were filed in
Checklist for Disclosure of Interest by Directors
Gaurav N Pingle, Practising Company Secretary, Pune
Cite as: (2019) PL (CSP) April 70
NCLAT | Company and its directors to be treated equally while imposing fine for delay in filing Cost Audit Report
National Company Appellate Tribunal (NCLAT): A Bench of Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) held that the company and
Amrapali Group of Companies| 7 premises sealed; directors in police custody till the ‘cataloguing’ of the documents : SC
Supreme Court: The Bench comprising of Uday U. Lalit and Dr D.Y. Chandrachud, JJ., gave certain directions pertaining to its earlier order
Real estate major Amrapali group asked to submit the valuation report of its directors
Supreme Court: The Bench comprising of Arun Mishra and UU Lalit, JJ., in an order to the real estate major Amrapali Group